Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental Sustainability
• Safety
• Aboriginal Employment
• Community Investment

Environmental Achievements

• Spent almost $62 million in 2011 on environmental protection, up from $43 million in 2010. Vale invested $2 billion in the Clean AER Project to reduce emissions.
• Mining industry shifted 150 megawatts of electricity consumption away from peak demand periods.

Social Achievements

• First Nations employment accounted for 9.7% of total mining jobs in 2011.
• Charitable donations by mining companies approached $10 million in 2010 and 2011.
• Various community support initiatives mentioned (e.g., recreation centers, fish restoration, energy research facilities).

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• High industrial electricity rates in Ontario compared to neighboring provinces.
• Maintaining a competitive cost structure for major inputs.

Mitigation Strategies

• Changes to the Global Adjustment component and the Northern Industrial Electricity Rate (NIER) program reduced rates.
• Proposed Industrial Electricity Incentive program to reduce rates in exchange for job creation and investment.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Over 70% of mining supplies and services sourced from within Ontario in 2011.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Designed facility to ensure all discharge meets Provincial Water Quality Objectives (PWQO), protective of aquatic life.
• Cyanide destruction circuit minimizes cyanide contamination risks.

Social Achievements

• Engaged with local residents and First Nation communities to identify valued country food practices.
• Addressed concerns regarding potential impacts on blueberry, chanterelle mushroom, and wild rice harvesting.

Governance Achievements

• Undertook extensive environmental assessments and studies to inform project development and mitigate potential impacts.
• Committed to Environment Effects Monitoring (EEM) as per Metal Mining Effluent Regulations (MMER).

Climate Goals & Targets

Environmental Challenges

• Potential impacts of mine activities on water quality and the availability of country foods (blueberries, chanterelles, wild rice, fish, game).
• Potential for habitat loss due to mine development.

Mitigation Strategies

• Implemented water treatment methods to meet PWQO standards.
• Identified and protected additional areas with suitable conditions for blueberry occurrence.
• Minimized crown land loss and ensured continued access to hunting and trapping areas outside the immediate mine site.
• Initiated EEM to monitor the effects of mine effluent on aquatic life and fisheries resources.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Canadian Environmental Assessment Act (CEAA), 2012

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Aboriginal Consultation
• Public Participation

Climate Goals & Targets

Environmental Challenges

• Potential accidents and malfunctions related to the project
• Potential adverse impacts on Aboriginal and Treaty rights and related interests
• Public concerns

Mitigation Strategies

• Safeguards and contingency/emergency response procedures
• Measures to mitigate potential adverse impacts on Aboriginal rights
• Measures to address public concerns
• Follow-up program to verify accuracy of effects assessment and effectiveness of mitigation measures

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Severe and/or extreme weather conditions
• Flooding
• Landslides
• Avalanches
• Erosion
• Subsidence
• Fire
• Seismic events

Reporting Standards

Frameworks Used: Canadian Environmental Assessment Act, 2012 (CEAA, 2012)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Social Achievements

• Undertook a review of the status for the various appendices to the revised EIS and classified them as unchanged, minor changes, major revisions, superseded, or new.

Governance Achievements

• Consolidated responses to information requests into a revised EIS for the Goliath Gold Project.

Climate Goals & Targets

Environmental Challenges

• Potential impacts of the Goliath Gold Project on the environment and the ability of Aboriginal peoples to practice traditional uses of the land.

Mitigation Strategies

• Developed a revised EIS with Appendix LL (Impact Footprints and Effects) to illustrate potential effects and aid stakeholder engagement.
• Implemented mitigation measures such as perimeter ditching, dewatering, water treatment, and reclamation plans.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Canadian Environmental Assessment Act (CEAA), 2012

Environmental Metrics

ESG Focus Areas

• Aboriginal Engagement
• Environmental Management
• Occupational Health and Safety
• Corporate Governance

Environmental Achievements

• Developed an Environmental Management Plan (EMP) incorporating best environmental practices and mitigation measures.
• Ongoing engagement with Indigenous communities to address environmental concerns and incorporate traditional knowledge.

Social Achievements

• Commitment to providing a safe work environment with a goal of zero recordable injury rate.
• Promoting economic opportunities for Aboriginal peoples and communities.
• Building trust through mutual respect and following through on commitments.

Governance Achievements

• Adherence to published policies including Code of Business Conduct and Ethics, Corporate Disclosure Policy, Corporate Governance Policy, Drug and Alcohol Policy, Health, Safety, Environment, and Sustainability Policy, Whistleblower Policy, and Workplace Violence and Harassment Policy.

Climate Goals & Targets

Environmental Challenges

• Addressing deficiencies identified by the Canadian Environmental Assessment Agency in the Environmental Impact Statement (EIS).
• Ongoing land negotiations.

Mitigation Strategies

• Submitted a revised EIS addressing the Agency's concerns, including incorporating Aboriginal traditional knowledge and a stronger focus on potential impacts on traditional land use.
• Land negotiations are not expected to impact project viability.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Canadian Environmental Assessment Act, 2012 (CEAA 2012)

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Commitment to best practices in sustainable mine development and ensuring the protection of natural resources and the environment. These practices include reducing water and energy consumption, preventing soil, water, and air pollution at the mine site, minimizing land disturbance and waste production, and conducting successful mine closure and reclamation activities.

Social Achievements

• Meaningful and ongoing engagement with all stakeholders and rights holders; strong environmental practices, as demonstrated by over 10 years of successful operations in Newfoundland; Community Benefits Agreement with the Municipality of the District of Guysborough to support sustainable social and economic benefits.

Governance Achievements

• Commitment to ESG reporting and securing a social license for its operations.

Climate Goals & Targets

Environmental Challenges

• Economic challenges in the Eastern Region of Nova Scotia (14.2% unemployment exceeding the provincial average); demographic challenges in Nova Scotia (aging population and outmigration from rural areas).

Mitigation Strategies

• Focus on opportunities for residents and businesses within the region to participate in the project; awarding contracts to local businesses where feasible; Community Benefits Agreement with the Municipality of the District of Guysborough.

Supply Chain Management

Responsible Procurement

• Endeavor to award contracts to local businesses where feasible, as well as other businesses within the province.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Indigenous Relations

Social Achievements

• Continued engagement with Indigenous communities; development of an internal cross-cultural program.

Governance Achievements

• Advancing technical engineering activities towards a positive construction decision from the Treasury Board of Directors; preliminary development of an environmental management system.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance
• Indigenous Relations

Social Achievements

• Ongoing engagement with Indigenous communities.

Governance Achievements

• Preliminary development of an environmental management system.

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities